Deutsche Bank Upgrades Intu Properties PLC to Buy Rating, Sets New Price Target

Deutsche Bank upgraded shares of Intu Properties PLC to a buy rating, citing increased optimism in the company's performance. The firm currently has a GBX 380 ($5.75) price target, up from their previous target of GBX 280 ($4.24). This upgrade comes as part of Deutsche Bank's recent research note issued to investors on Wednesday. Intu Properties PLC opened at GBX 366.50 on the same day and has a market capitalization of approximately Au4.603 billion.

Key Takeaways:

Deutsche Bank upgraded Intu Properties PLC to a buy rating, increasing their price target to GBX 380 ($5.75) from GBX 280 ($4.24).
The firm has also reiterated its buy rating on shares of Smith & Nephew plc (ADR) and initiated coverage on shares of Metaldyne Performance Group Inc. with a buy rating and $21.00 price target.
Analysts at Liberum Capital, JPMorgan Chase & Co., Barclays, and Societe Generale have issued conflicting reports on Intu Properties PLC, with most recommending a hold or sell rating.
The company has a 50-day moving average of GBX 338.4 and a 200-day moving average of GBX 333.5.
Intu Properties PLC has a 1-year low of GBX 270.10 and a 1-year high of GBX 359.90.
The company operates five major out-of-town centers in the UK, including the Trafford Centre, Lakeside, Metrocentre, Braehead, and Cribbs Causeway.
Intu Properties PLC has a consensus rating of Hold and an average price target of GBX 325.18 ($4.92) among five investment analysts who have rated the stock.

Statistics:

Price target increased by Deutsche Bank: GBX 380 ($5.75)
Previous price target by Deutsche Bank: GBX 280 ($4.24)
Market capitalization: approximately Au4.603 billion
50-day moving average: GBX 338.4
200-day moving average: GBX 333.5
1-year high: GBX 359.90
1-year low: GBX 270.10

Sources:

Deutsche Bank's research note issued to investors on Wednesday
Liberum Capital's research note issued on Wednesday, January 7th
JPMorgan Chase & Co.'s research note issued on Tuesday, January 6th
Barclays' research note issued on Thursday, December 18th
Societe Generale's research note issued on Tuesday, December 16th
Intu Properties PLC's official website